04:45 PM EST, 01/17/2025 (MT Newswires) -- EnerSys ( ENS ) said Friday it completed contract and funding negotiations with the US Department of Energy for a $199 million award to aid in building a lithium-ion cell production facility in Greenville, South Carolina.

The 500,000-square-foot gigafactory is expected to produce advanced lithium-ion cells exclusively for EnerSys ( ENS ) products, catering to commercial, industrial, and defense markets, including the US Department of Defense.

Construction of the facility is set to begin in 2025, with commercial production slated for 2028, the company said.